Larry the Legend Loc: Not hiding in Milton

According to Simon Black:

"To put things in perspective, the average Price/Earnings ratio across the companies in the S&P 500 Index is now 26.36. If you flip that number around, it means that the current profits of the average company in the S&P 500 are just 3.8% of its share price".

Stock investors are seeing an average 3.8% return on their investments. To echo Mr. Black: "That's pretty pitiful".

http://www.thedailybell.com/news-analysis/the-day-i-found-out-it-was-all-rigged/

There's a canary in the coal mine and he's wanting out...

vernon01

where can you put your money where it can make a return,its damn sure not in banks.This is the canary that obama built with no interest on savings so people go to where they can make some return ,ie stocks.

Larry the Legend Loc: Not hiding in Milton

All mine's in gold, silver and bitcoin. Mostly silver. I literally bought boxes of gold and silver eagles and put them in a nice, quiet, safe place. Of course, that's not a traditional 'investment', it's a hedge against the time (and it's coming..) when the fiat Federal Reserve dollar finally finds it's intrinsic value (zero) and everything reverts to an honest money standard.



It does seem to make sense that a low interest rate environment would drive money into stocks as a more lucrative investment strategy. You're pointing the finger in the wrong place though. Presidents (Obama or otherwise) have no control over monetary policies, including interest rates. That's in the realm of the Federal Reserve System, not the government. Ever since the passing of the Federal Reserve Act of 1913, US monetary policy has been set by a small group of wealthy bankers who own and operate the Federal Reserve System.

By the way, the Federal Reserve is about as 'Federal' as Federal Express.

okie don

The "Petrodollar' is dying.
That said, the SHTF when there's no demand for US currency worldwide.